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14-Jan-2017 13:41

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Tagged had originally planned to go public itself before the shift to mobile led to a precipitous drop-off of its desktop properties.If(we) managed to pull in million in revenue in 2016, with mobile revenue up 56 percent in a year as it began to follow its users to smartphones.Users buy gold (or convert 'Luv' into gold - more on that below) and use it to 'buy' other people as pets.Prices for 'gold' starts at €5.50 for 2,500 up to €220 for 400,000.Meet Me will fund the buyout with cash on hand, revenue, earnings and a million loan from JP Morgan.The markets responded favorably, sending its share price up 19 percent in after-hours trading to hover around .The 'Meet Me' function of the site is the most direct dating function of the service, although many of the other aspects like messagaing and games have a dating (or 'making new friends') element.The 'Meet Me' function works very like Tinder - users enter in their sexuality and are recommended people they 'should meet'.

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Tagged bought Hi5 in 2011 before branching out into standalone social app development and renamed the parent company If(we).They launched a mobile site in 2011 which offered location-based, real-time chat for users.Their i Phone app was launched in 2010 with the Android app being launched in March 2011.They can then say no by pressing the X button or open the lines of communication by pressing the 'like' button.

Users can also use the 'Browse' button to browse other members in their area.

In Ireland, the userbase appears to be mostly men in their early to late twenties, with a strong showing in the thirties and forties.

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